Business
Results of the Placing
Europa Oil & Gas (Holdings) plc has conditionally raised approximately £3.5 million in gross proceeds through the placing of 291,667,000 new Ordinary Shares at 1.2 pence each, with one warrant issued for every four shares at a 2 pence exercise price. These funds are intended to extend the company's cash runway for drilling the Barracuda prospect and cover ongoing working capital needs. Shareholder approval is required at a General Meeting on or around February 27, 2026, as failure to pass the resolution would create material uncertainty regarding the company's ability to continue as a going concern. Admission of the placing shares to AIM is expected around March 3, 2026, if resolutions are passed. Disclaimer*
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n\nEuropa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n \nNOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.\nTHIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA AND NEW ZEALAND OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL OR CONTRAVENE ANY REGISTRATION OR QUALIFICATION REQUIREMENTS UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION. \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n10 February 2026\nEuropa Oil & Gas (Holdings) plc\n('Europa' or the 'Company')\n \nResults of the Placing\n \n \nEuropa Oil & Gas (Holdings) plc, (AIM: EOG) the AIM quoted West Africa, UK and Ireland focused oil and gas exploration, development and production company, is pleased to announce that it has conditionally raised gross proceeds of approximately £3.5m, before expenses, through the conditional placing of 291,667,000 new Ordinary Shares of 1 pence each (the \"Placing Shares\") at an issue price of 1.2 pence per share (the \"Issue Price\").\nIn addition, one warrant will be issued for every four Placing Shares (\"Placing Warrant\") with an exercise price of 2 pence and an expiry date 2 years after the date of the Placing Shares' admission to AIM.\nThe issue of the Placing Shares and the Placing Warrants is conditional, inter alia, on shareholder approval at a General Meeting of the Company which will take place on or around 27 February 2026 (the \"General Meeting\").\nThe proceeds will extend the Company's cash runway to...